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India's GST Revenue Performance for September 2023

India's Goods and Services Tax (GST) collections for September 2023 surged to ₹1,62,712 crore, marking a 10% year-on-year growth. This report details the breakdown of Central, State, and Integrated GST components, including contributions from imports. The analysis highlights consistent collection growth, with September being the fourth-highest month since GST's inception, and forecasts continued improvement due to economic recovery and festive demand. State-wise performance is also examined, noting key growth leaders and top contributing regions.

📖 5 min read read🏷️ GST Collections

Goods and Services Tax (GST) collections for September 2023 reached ₹1,62,712 crore, showing an increase from the previous month's total of ₹1,59,069 crore. While August 2023 collections had declined from July's ₹1,65,105 crore, September saw a recovery. This reflects a 10% year-on-year growth in monthly GST revenues.

Breakdown of September 2023 GST Collections

The total GST collection for September 2023 comprised ₹29,818 crore from Central GST (CGST), ₹37,657 crore from State GST (SGST), and ₹83,623 crore from Integrated GST (IGST). A significant portion of IGST, specifically ₹41,145 crore, originated from goods imports. Additionally, cess collections amounted to ₹11,613 crore, with ₹881 crore from imported goods. Following the Integrated GST collections, the central government allocated ₹33,736 crore to CGST and ₹27,578 crore to SGST as part of its regular settlements. After these allocations, the net revenue stood at ₹63,555 crore for Central GST and ₹65,235 crore for State GST.

Analysis of September 2023 GST Collection Trends

September 2023 witnessed an increase in GST collections compared to the preceding month. This marks the nineteenth consecutive month where collections exceeded ₹1.4 lakh crore and the tenth instance of surpassing ₹1.5 lakh crore since GST's introduction on July 1, 2017. Furthermore, September 2023's figures represent the fourth-highest monthly collection, exceeding ₹1.6 lakh crore. Domestic revenue, including service imports, demonstrated a 14% year-on-year growth. Overall, GST revenues for September 2023 were 10% higher than September 2022's ₹1,47,686 crore. Although collections have shown an inconsistent upward trend since April 2023, with May 2023 recording the lowest for the fiscal year, future improvements are anticipated due to economic recovery and the upcoming festive season. The first half of fiscal year 2024 (H1 FY'24), ending September 30, 2023, recorded a gross GST collection of ₹9,92,508 crore, an 11% rise from H1 FY'23's ₹8,93,334 crore. The average monthly gross collection for FY 2023-24 stands at ₹1.65 lakh crore, which is 11% higher than the ₹1.49 lakh crore average during the first half of FY'23. (For a visual comparison of monthly GST collections in India, refer to the source document).

State-wise GST Collections for September 2023

Among states and Union Territories, Ladakh showed the most significant year-on-year increase in GST collection at 81%. Manipur followed with a 47% rise, Telangana with 33%, Jammu and Kashmir with 32%, and Arunachal Pradesh with 27%. Maharashtra continued to lead in absolute GST collection, reaching ₹25,137 crore in September 2023. Other high-performing regions included Karnataka, Tamil Nadu, Gujarat, Haryana, Uttar Pradesh, and Telangana.

State/UTSep-22Sep-23Growth (%)
Jammu and Kashmir42856332%
Himachal Pradesh71278410%
Punjab1,7101,8669%
Chandigarh2062196%
Uttarakhand1,3001,3927%
Haryana7,4038,0098%
Delhi4,7414,8492%
Rajasthan3,3073,86917%
Uttar Pradesh7,0047,84412%
Bihar1,4661,397-5%
Sikkim28531511%
Arunachal Pradesh648127%
Nagaland49525%
Manipur385647%
Mizoram242714%
Tripura657313%
Meghalaya1611652%
Assam1,1571,1752%
West Bengal4,8044,9403%
Jharkhand2,4632,6237%
Odisha3,7654,24913%
Chhattisgarh2,2692,68418%
Madhya Pradesh2,7113,11815%
Gujarat9,02010,12912%
Dadra and Nagar Haveli and Daman & Diu31235012%
Maharashtra21,40325,13717%
Karnataka9,76011,69320%
Goa42949716%
Lakshadweep32-45%
Kerala2,2462,50512%
Tamil Nadu8,63710,48121%
Puducherry1881975%
Andaman and Nicobar Islands3323-30%
Telangana3,9155,22633%
Andhra Pradesh3,1323,65817%
Ladakh193581%
Other Territory2022072%
Center Jurisdiction1821968%
Grand Total1,05,6151,20,68614%

Annual Comparison of State-wise SGST Before and After Settlement

Here is the state-wise overview of the pre-settlement and post-settlement State GST figures:

State/UTPre-Settlement SGSTPost-Settlement SGST
2022-232023-24Growth
Jammu and Kashmir1,1381,515
Himachal Pradesh1,1501,314
Punjab3,8464,216
Chandigarh300335
Uttarakhand2,4012,589
Haryana9,0459,864
Delhi6,8727,639
Rajasthan7,5978,488
Uttar Pradesh13,71116,069
Bihar3,5674,092
Sikkim153267
Arunachal Pradesh253343
Nagaland108155
Manipur143177
Mizoram93147
Tripura206258
Meghalaya227311
Assam2,5622,906
West Bengal10,75111,960
Jharkhand3,6614,462
Odisha7,2068,068
Chhattisgarh3,7204,136
Madhya Pradesh5,2216,324
Gujarat18,62820,839
Dadra and Nagar Haveli and Daman and Diu330315
Maharashtra42,04350,062
Karnataka17,19620,097
Goa9571,109
Lakshadweep514
Kerala6,0146,986
Tamil Nadu17,71220,158
Puducherry233246
Andaman and Nicobar Islands101111
Telangana8,1849,790
Andhra Pradesh6,2987,028
Ladakh6398
Other Territory78118
Grand Total2,01,7712,32,606

The Ministry of Finance released data regarding September 2023 GST collections and the half-yearly analysis in a press report on the PIB website on October 1, 2023.

Further Reading

Frequently Asked Questions

What is GST in India?
GST, or Goods and Services Tax, is a comprehensive indirect tax introduced in India on July 1, 2017. It replaced multiple cascading taxes levied by the central and state governments, aiming to create a common national market for goods and services.
What are the different types of GST components?
The main components of GST in India are Central GST (CGST) levied by the Centre, State GST (SGST) levied by states, Union Territory GST (UTGST) for UTs, and Integrated GST (IGST) for inter-state transactions and imports, collected by the Centre and distributed among states.
How is GST collected and allocated between central and state governments?
CGST and SGST are collected on intra-state supplies, with revenue going to the central and state governments respectively. IGST is collected on inter-state supplies and imports by the central government, which then settles the state's share of tax from the IGST amount.
What factors influence monthly GST collection figures?
Several factors impact monthly GST collections, including economic activity, consumer spending, import volumes, festive seasons, government policy changes, and compliance levels among taxpayers.
Which states typically lead in GST collections?
States with large economies and significant industrial or commercial activity, such as Maharashtra, Karnataka, Tamil Nadu, Gujarat, and Uttar Pradesh, consistently contribute substantially to India's overall GST collections.

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